Little money for Eastern Europe, says Intel

Fabulous dreams empty for Balts

Intel has denied it will spend money in Eastern Europe to build an additional fab. That follows a story in today's Financial Times saying that the chip behemoth was looking at building a fab in either the Czech Republic or the independent Baltic states. An Intel representative today told The Register the company had no such plans. Indeed, it would be surprising. At an analysts' meeting in San Francisco last Friday the 13th, the CFO of Intel said the company was looking to reduce capital costs and would even manage the transition from 0.25 micron to 0.18 micron using its existing facilities. Further, as reported here earlier, Intel's plans to shut many of its current fabs is also public knowledge. ®